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Nifty Intraday Analysis for 5th August 2024NSE:NIFTY Index closed near 24720 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 77.43 Lakh 25500 Strike – 68.07 Lakh 25200 Strike – 55.42 Lakh Put Writing 24000 Strike – 60.09 Lakh 24100 Strike – 46.58 Lakh 24500 Strike – 33.49 Lakh Index has resistance near 24850 – 24950 range and if index crosses and sustain above 25100 level then may reach near 25000 - 25100 range. Index has immediate support near 24600 – 24500 range and if 24500 support is broken then index may tank near 24350 – 24250 range.
NSE:NIFTYShort
by RKMAURYA
Banknifty Intraday Analysis for 5th August 2024NSE:BANKNIFTY Index closed near 51350 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 29.70 Lakh 51500 Strike – 17.86 Lakh 52500 Strike – 16.98 Lakh Put Writing 50500 Strike – 15.46 Lakh 51000 Strike – 14.72 Lakh 51500 Strike – 14.34 Lakh Index has resistance near 51900 – 52000 range and if index crosses and sustain above 52000 level then may reach near 52350 – 52500 range. Index has immediate support near 51200 – 51000 range and if this support is broken then index may tank near 50400 – 50200 range.
NSE:BANKNIFTYShort
by RKMAURYA
Finnifty Intraday Analysis for 5th August 2024NSE:CNXFINANCE Index closed near 23365 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 16.86 Lakh 23600 Strike – 9.16 Lakh 24000 Strike – 8.68 Lakh Put Writing 23000 Strike – 8.77 Lakh 22800 Strike – 7.20 Lakh 22600 Strike – 6.05 Lakh Index has resistance near 23600 - 23700 range and if index crosses and sustain above 23700 level then may reach near 23800 - 23900 range. Index has immediate support near 23200 – 23100 range and if this support is broken then index may tank near 22900 – 22800 range.
NSE:CNXFINANCEShort
by RKMAURYA
Midnifty Intraday Analysis for 5th August 2024NSE:NIFTY_MID_SELECT Index closed near 12625 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13000 Strike – 47.03 Lakh 12900 Strike – 33.24 Lakh 12800 Strike – 23.25 Lakh Put Writing 12500 Strike – 21.50 Lakh 12400 Strike – 17.41 Lakh 12600 Strike – 16.53 Lakh Index has immediate resistance near 12780 – 12880 range and if index crosses and sustain above 12900 level then may reach near 13200 level. Index has immediate support near 12450 – 12350 range and if this support is broken then index may tank near 12150 – 12000 range.
NShort
by RKMAURYA
BANKNIFTY FOR 06 AUG#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade) NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like
NSE:BANKNIFTY
by MISSION_TRADING
NIFTY FIN SERVICE FOR 06 AUG#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade) NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like
NSE:CNXFINANCE
by MISSION_TRADING
NIFTY FOR 06 Aug#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade) NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like
NSE:NIFTY
by MISSION_TRADING
NIFTY FOR 05 AUG Educational Post trading at support Nifty is trading at support If Nifty moved in a uptrend, considering the globe cues take the trades cautiously as we can see more OI in call side. Resistance for uptrend #Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade) NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like
NSE:NIFTY
by MISSION_TRADING
2
NIFTY FIN SERVICE FOR 05 AUG#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade) NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like
NSE:CNXFINANCE
by MISSION_TRADING
BANKNIFTY FOR 05 AUG Educational Post trading at supportBankNifty is trading at support If BNF moved in a uptrend, considering the globe cues take the trades cautiously as we can see more OI in call side. Resistance for uptrend #Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade) NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like
NSE:BANKNIFTY
by MISSION_TRADING
2
Axis bankWe can see three different patterns in 3 time frames namely trend line support, descending triangle and strong support. 1150 is the strong support zone. Buy above 1066 with the stop loss of 1057 for the targets 1075, 1088 and 1102. Sell below 1050 with the stop loss of 1059 for the targets 1040, 1028 and 1014. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:AXISBANK
by vanathi
ReliancePrice faced resistance at 3050 zone and it is falling from it. Now it has reached the support zone. Buy above 3022 with the stop loss of 3006 for the targets 3040, 3058 and 3074. Sell below 2984 with the stop loss of 2998 for the targets 2970, 2952 and 2936. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:RELIANCE
by vanathi
CAMPUS LONG (313 OR 297-303)| INVERSE H&S + RESISTENCE BREAKOUTDisclaimer: I am not SEBI certified and these are my personal views. Please do your research before making any investment decisions. Bought CAMPUS at 313 , Will add more at 297-303 - Completed Inverse Head & Shoulder formation - Resistance zone breakout(done) and retest(pending) - RSI is not overbought - Trading above 50,100,200 EMA (bullish sign) - Short term target-348 - Long term target-393 - Views invalidated if breakdown uptrend support line Short term target: 348 Long term target: 393 Finished Trades (2/2) JUBLINGREA - Target hit in 4 sessions (check out it in ideas section) CAPLIPOINT - Target hit in 4 sessions (check out it in ideas section)
NSE:CAMPUSLong
by Pattern_Ninja
EURUSD(2H)This chart is an analysis of the EUR/USD currency pair, showing price action and potential future movement based on technical analysis. ### Key Elements of the Chart: 1. **Downtrend Line**: - The chart shows a downward sloping black line, representing a trendline that the price has respected multiple times. This trendline indicates the general bearish trend that the pair has been following. 2. **Breakout and Retest**: - The price has broken above the downtrend line with a strong bullish move, indicating a potential reversal or correction of the previous downtrend. - The price is currently consolidating after the breakout, potentially preparing for a retest of the previous resistance (now turned support) near the Fibonacci levels. 3. **Fibonacci Retracement Levels**: - The chart includes Fibonacci retracement levels drawn from the recent low to high (or vice versa). The key levels visible are 0.5 (1.08519), 0.618 (1.08343), and 1 (1.07774). - The price is expected to pull back towards these Fibonacci levels, particularly between 1.08519 and 1.08343, which are marked by a gray zone, before potentially continuing its upward movement. 4. **Supply Zone**: - The gray rectangle at the top of the chart represents a supply zone where sellers are likely to enter the market. This zone is just above the 1.09264 level, and it indicates a possible target for the price if the bullish trend continues. 5. **Potential Price Movement**: - The curved arrow suggests a possible bullish scenario where the price may retrace to the Fibonacci levels before heading back up towards the supply zone around 1.09400. - This movement would align with the general idea of a breakout, retest, and continuation pattern. ### Suggested Description for TradingView Post: "This EUR/USD 2-hour chart shows a significant breakout above a long-term downtrend line, indicating a potential shift in market sentiment. The price is now likely to retest the breakout level, aligning with key Fibonacci retracement levels (0.5 and 0.618). If the retest holds, we could see a bullish continuation towards the 1.09264 - 1.09400 supply zone. Traders should watch for a potential pullback to the 1.08519 - 1.08343 area before considering any long positions." This description outlines the technical analysis and provides a clear rationale for the anticipated price movement.
Long
by harshkjogadia
Indiamart - Bullish Divergence - Symmetrical Triangle BreakoutIndiaMART InterMESH Ltd. has shown a strong bullish divergence, breaking out from a symmetrical triangle pattern and currently testing a crucial retest level. This setup presents a potentially favorable opportunity, if the support at the trendline holds next week. Technical Analysis: Symmetrical Triangle Pattern: The stock has been consolidating within a symmetrical triangle, characterized by converging trendlines of higher lows and lower highs. Bullish Divergence: The price made a lower low while the RSI made a higher low, indicating a bullish divergence and suggesting weakening selling pressure. Breakout Confirmation: The price recently broke above the upper boundary of the triangle, confirming a bullish breakout. Retest Level: The price is currently retesting the breakout level around ₹2,780. If it reverses upwards from this trendline, the setup looks promising. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice.
NSE:INDIAMARTLong
by gurinder1988
2
Positional or Longterm Opportunity in SRFGo Long @ 2317.05 for Targets of 2456.45, 2595.85, and 2735.25 with SL 2177.65 Reasons to go Long : 1. In addition to this a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around the the Trendline. 2. Also, the stock is taking support from the Trendline (marked with green color). 3. In addition to this there is a strong support zone (marked with purple color), from which the stock is taking support and moving up.
NSE:SRFLong
by Nimish_Ghagare